SAIC and Momenta plan a RMB 300 million driver-assistance joint venture, with Momenta holding 51%

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SAIC's board approved on 5 November a joint venture with Momenta and Yandian Technology, registered capital RMB 300 million: Momenta subscribes RMB 153 million for 51%, SAIC RMB 75 million for 25% and Yandian RMB 72 million for 24%. It aims to strengthen advanced driver-assistance development. This is a joint venture rather than an acquisition, included as a comparable deal.